Income Replacement
अपने पश्चात अपने परिवार को आर्थिक सुरक्षित करने के लिए इन्कम रिप्लेसमेंट प्लॅनिंग ज़रूरी है।
Life is unpredictable, and financial stability is a cornerstone of a secure future.
Income Replacement Theory is a vital concept in financial planning that ensures your income is protected even in unforeseen circumstances, such as disability, critical illness, or death. This approach is designed to provide financial stability to your loved ones or maintain your lifestyle in the face of unexpected challenges.
What Is Income Replacement Theory?
Income Replacement Theory focuses on replacing the income of an individual when they are unable to work or provide for their family due to life-altering events. It ensures that your dependents continue to enjoy financial support or that you can meet your expenses even when your earning capacity is disrupted.
Why Is It Important?
Your income is the foundation of your financial plan, supporting daily expenses, savings, education, and long-term goals. A sudden loss of income can derail these plans and create financial stress. By applying the principles of income replacement, you safeguard your family’s future and your financial independence.
Suitable Products
Term Life Insurance
Critical Illness and Disability Cover
Critical Illness and Disability Cover
Purpose: Provides financial support to your dependents in the event of your untimely demise.
Key Benefit: Offers a high coverage amount at an affordable premium. It ensures that your family can maintain their standard of living and meet future expenses like education and debts.
Critical Illness and Disability Cover
Critical Illness and Disability Cover
Critical Illness and Disability Cover
Purpose: Provide financial support during health crises by replacing income lost due to disability or offering a lump-sum payout for critical illnesses like cancer or stroke.
Key Benefits: Help manage expenses like rent, bills, and medical costs, ensuring financial stability during recovery.